Word: financee
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Dates: during 1960-1969
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Other issues will emerge as Nixon presents his detailed proposals and as Democratic leaders more liberal than Mills seek to produce their own alternatives. So far, the Democrats have unveiled no grand schemes for the 91st Congress. Their main effort may well be to preserve and finance Great Society programs...
The authority will have the power to issue tax-exempt bonds to finance college construction projects. Because they are tax free, the interest rate on the bonds will be substantially lower than the going open market interest rate--one of the customary sources of funds for University construction.
Since much of this construction is already financed, not all of it will fall under the act, but once the authority begins doing business, the University might well decide to finance all future construction through the authority.
"This could be a major source of new funds for Harvard now that the Federal money is starting to dry up," one University official said this week. He added that the law allows the authority to finance a wide range of projects--including for example, parking garages and student housing...
WELL, he did it again. Everyone, including his Finance Minister, thought Charles DeGaulle would finally be forced to devalue the franc. It was sheer economic idiocy to assume that France could possibly maintain the parity of the franc. So of course Le Grand Charles refused to devalue.